Fitch affirms Hopewell

Fitch Ratings said it affirmed Hopewell Holdings Ltd.'s long-term foreign-currency issuer default rating at BBB-.

The outlook remains stable.

The ratings reflect the company's stable business portfolio, which largely comprises the toll road and investment property assets, Fitch said, and the prudent financial management of the company.

Hopewell is on track to expand its investment properties portfolio both in Hong Kong and China, which are expected to be completed in a few years time, the agency said.

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